Minneapolis, Minnesota-based US Bancorp (USB) operates as a financial services holding company, providing various banking & financial services to individuals, businesses, institutions, and governmental entities in the US. With a market cap of $75.5 billion, the company operates over 2,000 branches in several states across the US.

Companies worth $10 billion or more are generally described as “large-cap stocks.” USB fits this bill perfectly. Given the company’s extensive operations and dominance in the regional banking industry, its valuation above this mark is unsurprising.

The banking giant touched its three-year high of $53.98 on Nov. 27, 2024, and is currently trading 8.9% below that peak. Meanwhile, over the past three months, USB stock has soared 12%, outpacing the Financial Services Select Sector SPDR Fund’s (XLF) 6.4% gains during the same time frame.

However, over the longer term, USB stock has lagged behind XLF. USB stock prices have gained 2.8% on a YTD basis and 6.8% over the past 52 weeks, compared to XLF’s 11.9% surge in 2025 and 18.9% gains over the past year.

To confirm the recent surge in USB stock prices, the stock has been on an uptrend since mid-April and traded mostly above its 50-day moving average since early May and above its 200-day moving average since August with some fluctuations.

US Bancorp’s stock prices dipped nearly 1% following the release of its mixed Q2 results on Jul. 17. The company’s net interest income remained under pressure during the quarter, growing by a modest 69 bps year-over-year and dropping by 1% quarter-on-quarter to $4.1 billion. However, its non-interest income observed a notable 3.9% uptick year-over-year, reaching $2.9 billion. Overall, USB’s topline came in at $7 billion, up 2% year-over-year, falling 84 bps below the Street’s expectations.

On a more positive note, USB’s EPS for the quarter surged 14.4% year-over-year to $1.11, surpassing the consensus estimates by 3.7%. Following the initial dip, USB stock maintained a positive momentum for the next four trading sessions.

Meanwhile, USB has notably underperformed its peer, The PNC Financial Services Group, Inc. (PNC). PNC stock has soared 7.5% in 2025 and 13.7% over the past 52 weeks.

Among the 25 analysts covering the USB stock, the consensus rating is a “Moderate Buy.” Its mean price target of $53.42 suggests an 8.6% upside potential from current price levels.